Williams Cos Inc (NYSE:WMB) shares, rose in value on Friday, April 05, with the stock price down by -0.29% to the previous day’s close as strong demand from buyers drove the stock to $38.99.
Actively observing the price movement in the recent trading, the stock is buoying the session at $39.11. The value of beta (5-year monthly) is 1.08 whereas the PE ratio is 15.01 over 12-month period. Referring to stock’s 52-week performance, its high was $39.76, and the low was $28.27. On the whole, WMB has fluctuated by 6.75% over the past month.
With the market capitalization of Williams Cos Inc currently standing at about $47.51 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024 – May 06, 2024. The company’s Forward Dividend Ratio is 1.82, with its dividend yield at 4.66%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.48, which is expected to increase to $0.45 for fiscal year $1.8 and then to about $2.05 by fiscal year 2025. Data indicates that the EPS growth is expected to be -5.80% in 2025, while the next year’s EPS growth is forecast to be 13.90%.
Analysts have estimated the company’s revenue for the quarter at $2.82 billion, with a low estimate of $2.36 billion and a high estimate of $3.15 billion. According to the average forecast, sales growth in current quarter could jump down -8.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $10.39 billion, representing an increase of 4.40% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that WMB’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 7.51, with the price of WMB currently trading nearly 3.15% and 8.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.41, while the 7-day volatility ratio is showing 1.31% which for the 30-day chart, stands at 1.35%. Furthermore, Williams Cos Inc (WMB)’s beta value is 1.07, and its average true range (ATR) is 0.56.
A comparison of Williams Cos Inc (WMB) with its peers suggests the former has fared considerably weaker in the market. WMB showed an intraday change of -0.29% in today’s session so far, and over the past year, it grew by 31.43%%.
Data on historical trading for Williams Cos Inc (NYSE:WMB) indicates that the trading volumes over the past 10 days have averaged 6.84 million and over the past 3 months, they’ve averaged 7.12 million. According to company’s latest data on outstanding shares, there are 1.22 billion shares outstanding.
Nearly 0.35% of Williams Cos Inc’s shares belong to company insiders and institutional investors own 87.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 22.31 million shares as on Mar 15, 2024, resulting in a short ratio of 2.84. According to the data, the short interest in Williams Cos Inc (WMB) stood at 1.83% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 18.01 million. The stock has risen by 11.96% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WMB stock heading into the next quarter.
